Hexcel (NYSE:HXL) Stock Rating Upgraded by TD Cowen

Hexcel (NYSE:HXL) was upgraded by equities research analysts at TD Cowen to a “hold” rating in a research note issued on Monday,Zacks.com reports.

Other equities analysts have also issued research reports about the stock. BMO Capital Markets cut their price objective on shares of Hexcel from $70.00 to $68.00 and set a “market perform” rating on the stock in a report on Monday, October 28th. Royal Bank of Canada increased their price target on Hexcel from $74.00 to $82.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Wells Fargo & Company lifted their price objective on Hexcel from $81.00 to $87.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Truist Financial upped their target price on Hexcel from $76.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Hexcel from $63.00 to $60.00 and set a “hold” rating on the stock in a report on Thursday, November 21st. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $73.09.

Hexcel Trading Down 0.4 %

Shares of HXL opened at $62.40 on Monday. Hexcel has a 12 month low of $57.50 and a 12 month high of $77.09. The stock’s 50-day moving average is $64.84 and its two-hundred day moving average is $62.83. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.21 and a quick ratio of 1.20. The stock has a market cap of $5.06 billion, a PE ratio of 39.25, a P/E/G ratio of 1.72 and a beta of 1.31.

Hexcel (NYSE:HXL) last released its quarterly earnings results on Wednesday, January 22nd. The aerospace company reported $0.52 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.52. Hexcel had a return on equity of 10.66% and a net margin of 6.94%. Equities analysts forecast that Hexcel will post 2.14 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HXL. True Wealth Design LLC acquired a new position in Hexcel during the 3rd quarter valued at about $30,000. Allworth Financial LP lifted its position in shares of Hexcel by 1,069.8% during the 4th quarter. Allworth Financial LP now owns 620 shares of the aerospace company’s stock valued at $42,000 after acquiring an additional 567 shares during the last quarter. Arcadia Investment Management Corp MI bought a new stake in shares of Hexcel during the 4th quarter worth $49,000. Manchester Capital Management LLC grew its holdings in shares of Hexcel by 100.0% in the 4th quarter. Manchester Capital Management LLC now owns 840 shares of the aerospace company’s stock worth $53,000 after acquiring an additional 420 shares during the last quarter. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Hexcel during the third quarter worth $56,000. Institutional investors and hedge funds own 95.47% of the company’s stock.

About Hexcel

Hexcel Corporation develops, manufactures, and markets carbon fibers, structural reinforcements, honeycomb structures, resins, and composite materials and parts for use in commercial aerospace, space and defense, and industrial applications. It operates through two segments, Composite Materials and Engineered Products.